Cheaper and more spacious property is available in outer London. But families’ options are still limited, with fewer than 900 homes for sale in all of London having a garden and costing less than £250,000.

The majority of these homes are terraced properties, with just 10 being detached.

Mark Harris, chief executive of mortgage broker SPF Private Clients, said: “While rising house prices are welcomed by homeowners, much of the increase in prices is due to the serious lack of housing stock on the market.

“This is particularly true towards the bottom rung of the ladder where there are precious few family homes with gardens coming up for sale costing less than £250,000.

“Families are being forced to buy further and further afield in order to get a reasonably-sized home with a garden at an affordable price.”

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Every year events and parades are held across Wales to commemorate St. David’s day, or for our Welsh readers Dydd Dewi Sant.

Little is known for sure about the patron saint of Wales. He died in 589, but it was not until the 12th Century that he gained real fame, however each March 1 is now celebrated by schools and cultural societies throughout Wales, and it is custom on that day to wear either a leek or a daffodil – two of Wales’ national emblems.

However, this year, we can give Wales another reason to cheer and celebrate. According to our data, property values across Wales are up 0.58% on average over the last 12 months now standing at £225,028. Whilst not a huge rise, they are now heading in the right direction.

On a county area level, Newport, where the average property value is currently £144,458, performed best over the last 12 months with values up 5.46%. In second place is the Vale of Glamorgan (average property value £199,184) where value are up 3.41% and in third place is Swansea (£145,956) where average property values are up 2.79%.